NOT LISTED FOR SALE

Estimated Value: $331,000 - $371,000

4 Beds
1 Bath
864 Sq Ft
$408/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $355,000 $411 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,273/month

About This Home

As of October 2023

Introducing a phenomenal opportunity to acquire a newly built 2 home on 1 lot style property! Located near the heart of Downtown Bakersfield this offering two (2) three (3) bedroom, one (1) bathroom units and is being delivered with one (1) unit vacant that is newly remodeled! a perfect opportunity to live in one unit and rent out the other or rent out at a minimum of $1500 and sit on the cashflow! Call for more info.

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 09/27/2023

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Michael Still

Watson Realty License #01922761

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 5,662

Parking

  • Uncovered Parking

Home Design

  • Duplex

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property

Schools

  • Mckinley Elementary School
  • Emerson Middle School
  • Bakersfield High School

Additional Features

  • 5,662 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 00905107

Community Details

Overview

  • 2 Units
  • The Lowell Addition Subdivision

Building Details

  • Gross Income $33,600
  • Net Operating Income $20,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1930
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 864.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Lot Size Sq Ft: 5662.00
  • Parcel #: 00905107

Multi Family

  • Total Annual Expense: 13440.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Annual Gross Income: 33600.00
  • Property Net Operating Income: 20160.00

MLS Schools

  • Elementary School: McKinley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2023
Closed on
Sep 29, 2023
Sold by
Escobar Guadalupe
Bought by
Ohlinger Benjamin and Ohlinger Alisa Nicole
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
Michael Still
Watson Realty
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Views
3
Current Estimated Value
$352,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,186
Avg. Annual Appreciation
-0.27%
Original Mortgage
$266,250
Outstanding Balance
$261,073
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$91,741

Purchase Details

Closed on
Aug 3, 2005
Sold by
Jara Melissa Rochelle
Bought by
Jara Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
8.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ohlinger Benjamin $355,000 Chicago Title
Jara Sergio -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ohlinger Benjamin $266,250
Previous Owner Jara Sergio $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2023 10/17/23 Sold $355,000 +1.4% $411 / Sq Ft
09/27/2023 09/27/23 Pending -- -- --
09/27/2023 09/27/23 For Sale $350,000 -- $405 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,294 $362,100 $51,000 $311,100
2024 $4,593 $355,000 $50,000 $305,000
2023 $4,593 $297,932 $66,277 $231,655
2022 $4,485 $292,091 $64,978 $227,113
2021 $3,544 $225,000 $30,000 $195,000
2020 $2,838 $170,000 $30,000 $140,000
2019 $2,519 $145,000 $30,000 $115,000
2018 $2,317 $130,000 $30,000 $100,000
2017 $2,160 $116,000 $25,000 $91,000
2016 $1,900 $104,000 $20,000 $84,000
2015 $1,640 $81,000 $20,000 $61,000
2014 $3,527 $252,870 $56,253 $196,617
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202310150

Bakersfield Association of REALTORS® / GEMLS

APN: 009-051-07-00-6

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